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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?


To: BigKNY3 who wrote (4635)7/28/1998 10:25:00 PM
From: puborectalis  Read Replies (1) | Respond to of 9523
 
Another way to play Big Pharma is with IMS Health(RX),a spin off of Dun and Bradstreet with a 20-25% growth rate and a big share buyback this fall.



To: BigKNY3 who wrote (4635)7/28/1998 11:18:00 PM
From: HiSpeed  Respond to of 9523
 
<" Drugs that do not have an economic potential of at least $250M are often not considered for advanced development and are increasingly considered non-strategic.">....

Who can blame them? If I've read correctly it costs about this much just to get a new drug through the FDA process so it makes sense the drug would need to generate over $250M.....

Can anyone else provide approximately what the cost is to develop a drug, get approval, and bring it to market?